OREANDA-NEWS  The annual growth of the lithium market since 2021 has been about 30%. More than 85% of demand for lithium comes from manufacturers of batteries for electric vehicles. This was stated by Nikita Gusakov, senior vice president of the Russian Export Center, which is part of VEB of the Russian Federation, during the XIII International Forum on Atomexpo in 2024. He moderated a roundtable discussion on "Lithium: Market Prospects and Integration Priorities," emphasizing the critical role of the element in knowledge-intensive and high-technology sectors of the economy."The demand for this metal has never been higher. In particular, in the period from 2021 to 2023, the annual increase in the market was approximately 30%. At the same time, more than 85% of the demand for lithium comes from manufacturers of lithium-ion batteries for electric vehicles and stationary energy storage systems. It is expected that this percentage will only increase, including in relation to the active development of electric transportation worldwide," said Gusakov.

He added that the significant increase in demand for lithium creates a new technological landscape in national economies that requires integrated solutions and new methods to build industrial cooperation. Russian and international panelists discussed collaboration projects and technologies for the industrial development of lithium during the International Export Forum Made in Russia, held in Moscow, on March 20th, 2024.REC has expanded the opportunities for obtaining a "Made in Russia" certification. On March 20th, at 13:27, the company announced:
"At the same time, the success of the lithium industry's development largely depends on expanding international cooperation and establishing strategic partnerships for both developing lithium deposits and jointly producing lithium products."

The Vice President of REC concluded, emphasizing the importance of these partnerships in the future growth of the industry.The 13th International Atomexpo Forum was held at the Sirius Science and Art Park, with the support of Rosatom, a state corporation. The key theme of the forum, "Clean Energy: Building the Future Together", brought together leading experts and specialists from dozens of countries.

The forum format includes an exhibition and a comprehensive business program. The main topics covered include the development of clean energy sources, human capital management in the nuclear industry, the creation and maintenance of nuclear energy infrastructure, funding and investment in the energy sector, and the exploration of non-traditional nuclear technologies.